Banking & Finance
Global Guide 2024 : Israel
Band 4
Email address
[email protected]Contact number
+972 3 754 0000About
Provided by Firon Law Firm
Firon Law Firm is one of the leading law firms in Israel in banking and finance. Over the years, the firm has led numerous substantial financing deals, handling their high sensitivity and complexity with expertise. The firm’s clients include the largest Israeli and international banks, financial institutions, and insurance companies, as well as the biggest Israeli corporations.
The department specializes in supporting clients in complex bond deals, including the sale of loan portfolios to banks and other institutions or listing for trade on the Tel Aviv Stock Exchange. The department also supports its clients with banking transactions and in agreements with the banking system.
The firm led the legislation that had introduced and arranged, for the first time in Israel, the activities of non-bank credit companies and companies providing financial asset services, including leading fintech companies and all those operating blockchain and cryptocurrency platforms. The firm represents in Israel dozens of leading players, including in receiving the required licenses for these operations and in managing the dialogue with the Supervisor of the Capital Market, Insurance and Savings.
The Department’s team is familiar with all the intricacies of the legal environment including the requirements for a license, managing the licensee’s activities, and introducing compliance mechanisms adapting the companies’ activities and procedures to the relevant existing arrangements.
Chambers Review
Firon Law Firm is particularly strong in advising both banking and non-banking financial clients on regulatory matters, including fintech and cryptocurrency matters. It also advises borrowers and lenders on new financing and the refinancing of existing debt structures. The team is highly experienced in real estate and energy matters, as well as in assisting with derivatives agreements.
Work Highlights
- Firon continues to represent the Association of Credit Providers before the Federation of Israel Chamber of Commerce in respect to anti-money laundering and cryptocurrency issues.
Strengths
Provided by Chambers
"The practice has an all-encompassing knowledge of regulation in the field in Israel."
"Firon provides excellent service and is a pioneer in new initiatives and fintech."
"They consistently demonstrated a remarkable ability to resolve complex legal frameworks with precision."
"The practice has an all-encompassing knowledge of regulation in the field in Israel."
"Firon provides excellent service and is a pioneer in new initiatives and fintech."
"They consistently demonstrated a remarkable ability to resolve complex legal frameworks with precision."
Notable Practitioners
Oded Ofek is a well recognised lawyer, noted for advising on regulatory matters. In these areas he advises a wide range of financial institutions, non-traditional credit providers and professional associations.
"Oded Ofek has consistently demonstrated exceptional skills, knowledge and expertise with remarkable dedication."
"He's a problem solver with a strategic approach."
"It is a great pleasure to work with Oded Ofek. His level of service, availability and mastery of the material are outstanding."